In order to ease the burden of demonetisation from the common man, the government of India had waived off fee for more than five ATM transactions but things are likely to change soon.
You could be charged Rs 20 for each transaction that you carry out at the ATM after five free transactions. The banks are likely to impose fee as the government has not extended ATM transaction fee waiver from the December 31 deadline, till when it was applicable.
"The first five transactions will be free of cost. After that it will be left to the discretion of the banks and the card category of the customer. Banks generally have an agreement with individual customers on charges levied. Many banks were not charging premium customers before demonetisation," V Balasubramanian, president, transaction processing and ATM service, told media.
Before the demonetisation, banks like State Bank of India, Punjab National Bank and ICICI Bank were charging Rs 15 per transaction, while the other banks were charging Rs 20 per transactions.